Home / News / Crops news / Corn, soybean prices to dip Thursday

Corn, soybean prices to dip Thursday

07/18/2013 @ 7:39am

On Thursday, the CME Group's corn, soybean, and wheat markets lean lower.


The early calls for the commodities on Thursday, July 18, 2013, are mixed. Corn is seen opening 4 to 6 cents lower, soybeans 5 to 7 cents lower, and wheat 1 to 2 cents higher.

In overnight trading, the Sept. corn futures contract traded 4 cents lower at $5.34 per bushel. Dec. corn futures traded 6 cents lower at $4.96 per bushel. Aug. soybean futures traded 5 cents lower at $14.72, while the Nov. soybean futures traded 8 cents lower at $12.75. The Sept. wheat futures contract traded 1 cent higher at $6.66. For Dec. soybean meal futures, the contract traded $5.20 per short ton lower at $380.80; Dec. soybean oil futures traded 16 cents higher at $45.67.


The outside markets are unfavorable for Thursday's grain trade. The real factors driving the calls will be the mixed overnight markets.


Discuss the corn, soybean, and wheat markets in Marketing Talk.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Farmers Must Adopt Conservation Measures --… By: 07/28/2014 @ 2:09pm U.S. farmers need to wake up to adopting conservation measures, world buyers find U.S. corn carries…

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101